PET - Plain English Taxonomy

Attribute:	R12416
Concept:	Assets Claims Cross Border Local Amount
Label:	Local Claims of Foreign Affiliates
Concept Guidance:	This is the value of all local financial assets of foreign affiliates of the reporting party as at the relevant date. A financial asset consists of money or a claim against another person or business (the counterparty) that can be converted into money. It does not include intangible or operational assets of the reporting party nor does it include claims arising as a result of operational requirements of the business such as trade receivables or deferred tax assets. Local claims of foreign affiliates are those where the counterparty to the transaction is a resident of the same country as the branch, office or subsidiary (affiliate) of the reporting party that holds the claim and the affiliate is not located (resident) in Australia.

Dimensions

Dimension	Member	Description
UltimateRiskCounterpartyTypeDimension	(CentralBank)	This dimension categorises the reported information according to the type of entity that is deemed the counterparty which holds the ultimate risk (e.g. guarantor of a loan facility) in whatever transaction is the subject of the reported data. The counterparty that bears the ultimate risk in relation to the reported information is a Central Bank. Ultimate risk is determined as the counterparty where the final risk lies - e.g. guarantor or security/collateral provider. Bank is determined in accordance with the definitions applying in the jurisdiction in which the ultimate risk counterparty is resident. A Central Bank within the meaning of this domain is a public financial entity that has the responsibility for monetary policy, issuing currency and/or holding a country's international reserves. This includes supranational monetary authorities such as the Bank for International Settlements (BIS) and the European Central Bank (ECB).

Dimension

Member

Description

UltimateRiskCounterpartyTypeDimension

(CentralBank)

This dimension categorises the reported information according to the type of entity that is deemed the counterparty which holds the ultimate risk (e.g. guarantor of a loan facility) in whatever transaction is the subject of the reported data.
The counterparty that bears the ultimate risk in relation to the reported information is a Central Bank.                                                                                                                                                                  Ultimate risk is determined as the counterparty where the final risk lies - e.g. guarantor or security/collateral provider. Bank is determined in accordance with the definitions applying in the jurisdiction in which the ultimate risk counterparty is resident.                                                                                                                                                                 A Central Bank within the meaning of this domain is a public financial entity that has the responsibility for monetary policy, issuing currency and/or holding a country's international reserves. This includes supranational monetary authorities such as the Bank for International Settlements (BIS) and the European Central Bank (ECB).